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NY Times vindicates Trump Medical Pricing transparency policy

Posted on 8/25/21 at 9:30 pm
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10691 posts
Posted on 8/25/21 at 9:30 pm
Trump's Medical Pricing Transparency Policies Vindicated in Stunning New York Times Report

LINK - red state

quote:

When The New York Times decided to take a deep dive into just what compliance with the policy was revealing, they discovered there may be good reason for medical power brokers to keep their pricing systems hidden from the public eye.


quote:

As an example, NYT went on to list the comparative costs of a standard colonoscopy at the Mississippi Medical Center: $1463 with a Cigna plan, $2144 with Aetna, and a stunning $782 with no insurance at all.


quote:

NYT also found that there were several bad actors still holding out on fulfilling their legal responsibility for transparency. These “bad actors” are among the most profitable medical facilities in the nation.








Posted by Stastny
Member since Jul 2014
646 posts
Posted on 8/25/21 at 9:34 pm to
Posted by LSUJML
BR
Member since May 2008
45544 posts
Posted on 8/25/21 at 9:34 pm to
Health insurance is a fricking joke in this country
Posted by LSUwag
Florida man
Member since Jan 2007
17319 posts
Posted on 8/25/21 at 9:34 pm to
Funny how the NYT does actual reporting after the election is stolen and nothing can be done about it.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10691 posts
Posted on 8/25/21 at 9:35 pm to
Actually The NY Times praising a Trump policy is a big fricking surprise
Posted by Tigers0891
Baton Rouge
Member since Aug 2017
6563 posts
Posted on 8/25/21 at 9:35 pm to
But Oklahog said its okay for employers to take large sums of money from their employees for not being vaccinated. Because you know, vaccinations will save them long term Healthcare costs.

Yet here we are ... a colonoscopy with no insurance is cheaper than with insurance. So obviously the hospitals, insurance companiea and pharma are corrupt. Oh well, no more mean tweets from that crazy orange guy.
Posted by furrydogs
USA
Member since Oct 2007
448 posts
Posted on 8/25/21 at 9:35 pm to
As someone who always pays cash for medical services, this Trump legislation was a great first step.
Posted by Catchfalaya
Member since Feb 2018
1921 posts
Posted on 8/25/21 at 9:38 pm to
Thank God For James O’Keefe suing these crooks and WINNING! He gets to depose them now after the court sided with him not to dismiss his claim. This might be what we need to start having these left wing media entities to start reporting the truth and not just left wing propaganda.
Posted by Bulldogblitz
In my house
Member since Dec 2018
26781 posts
Posted on 8/25/21 at 9:38 pm to
quote:

Actually The NY Times praising a Trump policy is a big fricking surprise


they don't need money from my click. Did they do it without mentioning trump?
Posted by loogaroo
Welsh
Member since Dec 2005
30618 posts
Posted on 8/25/21 at 9:40 pm to
Big Pharma is more than making up for right now.
Posted by the_watcher
Jarule's House
Member since Nov 2005
3450 posts
Posted on 8/25/21 at 9:45 pm to
quote:

As an example, NYT went on to list the comparative costs of a standard colonoscopy at the Mississippi Medical Center: $1463 with a Cigna plan, $2144 with Aetna, and a stunning $782 with no insurance at all.

The first two are not like the other. The Cigna and Aetna prices are what they will charge on the EOB. They will receive about half of that with the majority coming from the insurance company themselves depending on plan specifics

The $782 is a cash payment upfront. All of it will come from the patient. No hospital is allowing a non-emergent procedure on patient without insurance unless it is pre-paid
Posted by CMBears1259
Baton Rouge
Member since Sep 2005
4023 posts
Posted on 8/25/21 at 9:48 pm to
quote:

NY Times vindicates Trump Medical Pricing transparency policy

Limbaugh used to call this a "random act of journalism".

RIP Rush We could use your input now.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10691 posts
Posted on 8/25/21 at 9:51 pm to
Yes they mention the negotiated prices with the insurance companies. Bottom line is charging varying prices for the same service is frickery and thievery. Why do you think the premiums are so high.

quote:

It shows hospitals are charging patients wildly different amounts for the same basic services: procedures as simple as an X-ray or a pregnancy test. And it provides numerous examples of major health insurers — some of the world’s largest companies, with billions in annual profits — negotiating surprisingly unfavorable rates for their customers. In many cases, insured patients are getting prices that are higher than they would if they pretended to have no coverage at all.



Posted by scottfruget
Member since Nov 2010
3392 posts
Posted on 8/25/21 at 9:52 pm to
Imagine walking into Walmart and have prices like the medical world. You go to check out and the guy in front of you is paying $10 for a 2 liter, but when you check out it’s only $2. It’s okay though cause the bank is only going to send $3 for the guy charged $10 so it’s not a big deal wink wink.
Posted by beauxgy
LA
Member since Feb 2007
3460 posts
Posted on 8/25/21 at 9:55 pm to
But they sit on or ignore news that doesn't fit their agenda or narrative, and outright distort the truth and boldly lie.
This is just them trying to make up ground and restore what crumbs of credibility they are clinging to.
This post was edited on 8/25/21 at 9:58 pm
Posted by jrodLSUke
Premium
Member since Jan 2011
22144 posts
Posted on 8/25/21 at 10:05 pm to
quote:

and a stunning $782 with no insurance at all.

The NYT is once again misleading the simpleminded. This facility is eating the cost of colonoscopies for the uninsured and poor. And passing the cost to everyone else. The end game here is the the socialist NYT can say “we need Democrats universal healthcare to replace free market health insurance “.

And you dumb asses fall for it every time.
Posted by the_watcher
Jarule's House
Member since Nov 2005
3450 posts
Posted on 8/25/21 at 10:19 pm to
quote:

Yes they mention the negotiated prices with the insurance companies. Bottom line is charging varying prices for the same service is frickery and thievery

It’s necessary given each insurance company will be reimbursing a different amount for the same service
quote:

Why do you think the premiums are so high.

Because both you and I are subsidizing Medicaid patients, self-pay patients, and all the people that use emergency rooms as their own primary care doctor.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10691 posts
Posted on 8/25/21 at 10:44 pm to
That’s socialist equity bs. The service costs the same to provide - staff costs, electricity and related overhead etc… is the same regardless of who the patient is and what insurance they have. The insurance contracts should not be considered when setting price. If you have better insurance your co-pay will be less. Shouldn’t affect the original cost of the same service in a fair system. They are cooking the books to maximize profits.

If they want to subsidize the uninsured then a transparent cross the board percentage surcharge should be used like LA did with the Citizen state property insurance if last resort. Not by hiding the pricing structure from the customers.
Posted by Sack531
Member since Jul 2019
503 posts
Posted on 8/25/21 at 11:05 pm to
What's dumb is the fact that people defend the insurance companies like they're not worth billions of dollars. Like health insurance dollars only go to the hospitals/doctors. "For profit" is the name of the game. And, the lawyers love it too!
Posted by BradPitt
Where the wild things are
Member since Nov 2009
13389 posts
Posted on 8/25/21 at 11:15 pm to
quote:

Funny how the NYT does actual reporting after the election is stolen and nothing can be done about it.



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